Winner of $2-billion Powerball jackpot drops $25.5 million on Hollywood Hills mansion

The $2 billion Powerball jackpot winner wastes no time spending the money. Edwin Castro, who came forward last month to collect the record lottery prize, just spent $25.5 million on a new home in Hollywood Hills.

Castro, who chose to collect the money as a lump sum of about $997.6 million before taxes, bought the modern mansion under a limited liability company, the records show. The splash purchase is about 2.56% of his winnings.

It’s the most expensive sale in Hollywood Hills this year and one of the most expensive ever in the area. Castro received a small discount on the property, which raised $29.95 million last summer.

Tucked behind gates overlooking the Sunset Strip and Chateau Marmont, the hillside home was built last year by Roman James Design, a luxury development firm. Wood and concrete grace the boxy exterior, leading to open-concept, indoor-outdoor spaces with sweeping views of the city below.

The three-story home (plus rooftop patio) has five bedrooms and six bathrooms, as well as a game room, wine cellar, movie theater, wet bar, exercise room, cold plunge pool, steam shower, and sauna.

Glass walls open to the rear where patios open onto a pool, spa and outdoor kitchen. The property covers just over half an acre.

Stefan Pommepuy and H. Blair Chang of the Agency were listed. Max Lindenberger of Back Bay Realty Group represented the buyer.

Castro bought a lottery ticket at a gas station in Altadena in November that matched all five numbers plus the Powerball. He declined to speak publicly when he cashed the winnings in February, but released a statement saying he was “shocked and ecstatic”.